Jason and Jade Seibert love yoga. In fact, they fell in love after Jason attended his first Yoga class taught by Jade. As their love for yoga and each other grew, they decided it was time to start their own studio. But, before they did, they contacted the Kurt Forster, a Certified Business Analyst with the Small Business Development Center at Pinellas County Economic Development (SBDC at PCED).
The Seibert’s goal was to create a cozy community oriented yoga studio where people would enjoy hanging out in their comfortable lounge before or after a class, or just to use the Wi-Fi and enjoy a cup of coffee. In order to do accomplish this they first worked with Forster to develop cash flow projections. This allowed them to determine the feasibility of their business idea and set a budget for success.
“The cash flow projection is like a business plan of numbers in which all the assumptions of the business owner’s vision are included,” explained Forster. “After being used to test the viability of a business idea, it works as a budget and a plan.”
Jason added, “The SBDC provided us with a wealth of advice and resources to make our start as smooth as possible. From marketing plans to contacts at the city, the SBDC has been a help to us every step of the way.”
Now, the couple offers 15 different classes a week and has hired some of the top yoga instructors in the Tampa Bay area. The Yoga studio continues to run smoothly and the owners meet with the SBDC on a regular basis to review budget and the marketing activities.
Learn more about Sublime Yoga and see how other small business owners are succeeding by using the Small Business Development Center’s no-cost consulting and low-cost business training seminars by visiting www.sbdctampabay.com.